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ASIC investigates potential $138m scam

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2026
ASIC has confirmed it is actively investigating a potential scam that has seen at least $138 million of Australian investor funds lost. ASIC said the investigation is around whether there were oversight, due diligence and compliance failures linked ...

Showcase: A technical advantage

THE FINANCIAL STANDARD TEAM  |  MONDAY, 19 OCT 2026
Flexible choices can drive higher retirement balances. Modelling from the 2026 Intergenerational Report (IGR) released in September predicts that by 2065-66, the number of Australians aged 85 or older will triple to 1.9 million - a huge cohort that ...

First Sentier lists active ETF

ELIZA BAVIN  |  THURSDAY, 15 OCT 2026
First Sentier Investors has listed the First Sentier Global Listed Infrastructure Fund (Hedged) Active ETF (ASX: PWER), now available to Australian advisers and investors. First Sentier said PWER invests in a portfolio of high-quality global infrastructure ...

'Flawed' CSLR model needs to be redesigned: SMC

MATTHEW WAI  |  WEDNESDAY, 14 OCT 2026
... proposed 2026-27 allocation does not distribute the projected excess compensation bill according to risk. It weakens the link between where unpaid compensation costs arise and who pays for them, does not transparently assess the activities that caused ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
ASIC has launched civil penalty proceedings against former financial adviser Osama Saad, alleging he participated in schemes designed to avoid conflicted remuneration laws and provided unsuitable advice that directed hundreds of clients' superannuation ...

AIA snags Acenda head of products

MATTHEW WAI  |  FRIDAY, 2 OCT 2026
AIA Australia has welcomed a new head of partnerships, who joined from Acenda after leaving the firm in March. Alison Bodinnar has commenced in the role, bringing more than two decades of insurance and financial services experience across Switzerland ...

Another C-suite member leaves Rest

MATTHEW WAI  |  THURSDAY, 1 OCT 2026
The super fund has seen another C-suite executive depart this week, following the chief financial officer's exit in August. Rest chief strategy and corporate affairs officer Tyrone O'Neill has finished up at Rest after more than seven years. He joined ...

Brookfield AM managing partner calls time

MATTHEW WAI  |  THURSDAY, 1 OCT 2026
A Brookfield Asset Management managing partner, who at one point led the Australian private equity business, has wrapped up his 13-year tenure at the firm. Len Chersky has left the firm this week. He joined Brookfield in January 2014 after a brief stint ...

Australia and Indonesia explore direct stablecoin settlement

RIDDHIMA TALWANI  |  TUESDAY, 29 SEP 2026
AUDC the issuer of Australian dollar stablecoin AUDD, has signed a Memorandum of Understanding (MoU) with PT IDRX Indo Inovasi, the issuer of Indonesian rupiah stablecoins IDRX, to explore a direct cross-border settlement corridor. Under the MoU, the ...

Longevity gap exposes retirement divide

VINNY VUCAGO  |  TUESDAY, 29 SEP 2026
Australian's life expectancy can vary by more than a decade depending on their socio-economic circumstances, highlighting significant differences in how long people may need their retirement savings to last, new research from Actuaries Institute found. ...
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